Scatec Solar releases solid 2016 financial results
The Norwegian solar developer saw a significant increase in revenue in 2016. Project backlog also increased to 731 MW. Last year, Scatec secured 309 MW in new projects in Malaysia, Mozambique and Brazil.
Enel breaks ground on 754 MW solar park in Mexico
The huge solar project was selected in the energy auction held by the Mexican government in 2016. The plant will be located in the state of Coahuila and will be connected to the grid in the second half of 2018.
SMA suffers price pressure in all markets and segments
Last year, the German inverter maker achieved record shipments, despite a decline in turnover. The company expects further price pressure in 2017.
Ghana’s new government relaunches solar program
The Ghanaian government has resumed plans to promote large-scale solar and wind projects, as well as distributed generation, in order to solve a crisis in Ghana’s power system. Competitive bidding for power capacity procurement will be introduced in the frame of a reviewed Renewable Energy Act.
SolarWorld seeks to drastically reduce costs
The German PV module maker has confirmed its financial results for 2016. The company reiterated its outlook, which forecasts that it will become profitable again in 2019.
El Salvador signs contracts for four PV projects at $51.48/MWh
Four PV projects totaling 119.9 MW were awarded in the second auction for renewable energy projects held in the Central American nation in January.
Lebanon approves plan to install 180 MW of solar
Lebanon has approved a plan to promote the development of solar and renewable energy in the country. The plan aims at deploying 180 MW of PV capacity by 2020. The first auction for utility-scale solar projects was launched in mid-February.
Vattenfall to invest $226 million in solar and storage over next two years
The Swedish power utility announced a plan to invest heavily in renewable energies over the next two years. The company said investments in solar and storage will reach 2 billion SEK ($226.3 million).
Sempra’s Ienova secures PPA for 110 MW of solar in Mexico
The Mexican gas and power provider has secured a 20-year PPA for a large-scale PV project in Mexico from local steelmaker Deacero. The $115 million plant will have a capacity of 110 MW.
Luc Grare finds his own way in the world of renewables
He has been the head of global marketing for manufacturer REC Solar. Now Grare seeks to develop large-scale PV projects in Kazakhstan through a new company he founded alongside blockchain pioneer Alexander Vasylchenko.
